Tech Talk for Friday July 18th 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points at 8:35 AM EDT.

S&P 500 futures were unchanged following release of U.S. June Housing Starts at 8:30 AM EDT. Consensus was an increase to 1.300 million units from 1.256 million units in May. Actual was 1.321 million units.

Netflix dropped $22.17 to $1252.00 despite reporting second quarter results in line with consensus.

Jabil Circuit advanced $3.94 to $222.23 after announcing a $1 billion share buyback program.

Norfolk Southern added $10.19 to an all-time high at $280.00 on rumors that Union Pacific is planning a takeover offer of the company.

Interactive Brokers Group advanced $2.98 to $62.41 after reporting higher than consensus second quarter results.

EquityClock's Market Outlook for July 18th

How to position around the trends of Retail Sales. See:

https://equityclock.com/2025/07/17/stock-market-outlook-for-july-18-2025/

Technical Notes

Palladium ETN (PALL) moved above $113.92 and $114.71 to a 2 year high completing a double bottom pattern.

Platinum ETN (PPLT) moved above $130.69 to a 10 year high extending an intermediate uptrend.

Caterpillar (CAT) a Dow Jones Industrial Average stock moved above $414.97 to an all-time high extending an intermediate uptrend.

Brookfield (BN.TO) a TSX 60 stock moved above Cdn$90.47 to an all-time high extending an intermediate uptrend.

Couche Tard (ATD.TO) a TSX 60 stock moved above Cdn$74.60 extending an intermediate uptrend. Takeover attempt for Seven Eleven was discontinued.

Gildan Activewear (GIL.TO) a TSX 60 stock moved above Cdn$71.06 resuming an intermediate uptrend.

Loblaw Companies (L.TO) a TSX 60 stock moved below $218.77 completing a double top pattern.

Hydro One (H.TO) a TSX 60 stock moved below Cdn$47.84 completing a double top pattern.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for July 17th 2025

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

Commodities

Daily Seasonal/Technical Commodities Trends for July 17th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 17th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

These HOT Industry Groups Are Fueling This Secular Bull Market: Tom Bowley

https://www.youtube.com/watch?v=cmc2qTqU1Ws

Is the Post-April Rally a Head Fake? ValueTrendCanada

https://www.youtube.com/watch?v=jQOqymkIZq0

Chart Check: S&P 500, WMT, COST & TJX: Guy Adami and Carter Worth

Chart Check: S&P 500, WMT, COST & TJX - YouTube

Expect earnings to continue to surprise to the upside, says Goldman Sachs’ Sharmin Mossavar-Rahmani

Expect earnings to continue to surprise to the upside, says Goldman Sachs’ Sharmin Mossavar-Rahmani - YouTube

AI trade is showing more discernment in who does well, says Schwab’s Liz Ann Sonders

AI trade is showing more discernment in who does well, says Schwab’s Liz Ann Sonders - YouTube

CHART THIS with David Keller, CMT Thursday 7/17/25

https://www.youtube.com/watch?v=02Tl1wbIhdk

S&P 500 Momentum Barometers

The intermediate term Barometer added 3.00 to 67.40. It remains Overbought.

The long term Barometer added 1.80 to 60.60. It changed back to Overbought on a move above 60.00.

TSX Momentum Barometers

The intermediate term Barometer dropped 2.35 to 75.12. It remains Overbought. Daily downtrend was extended.

The long term Barometer added 1.88 to 83.57. It remains Overbought.

Disclaimer: Seasonality ratings and technical ratings offered in this report and at

www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.